Former New Jersey Gov. Jon Corzine and other former MF Global executives will pay $64.5 million to settle claims that they swindled investors by touting the brokerage's financial health before its fall 2011 collapse, during which $1.6 billion worth of customer money went missing, according to a Tuesday filing.
AstraZeneca LP and Cephalon Inc. have agreed to pay $46.5 million and $7.5 million, respectively, to resolve claims brought by a whistleblower in a False Claims Act suit accusing the drugmakers of knowingly underpaying for rebates owed to the Medicaid Drug Rebate Program, federal prosecutors announced on Monday.
The Third Circuit said outdated U.S. Securities and Exchange Commission rules lit its path in deciding that Wal-Mart Stores Inc. could chuck a shareholder’s proposal that the retailer’s board tighten oversight of firearm sales, in a long-awaited opinion Monday backing the court’s April ruling on the case.
In a wide-ranging interview Monday on the occasion of his return to Covington & Burling LLP, former U.S. Attorney General Eric Holder praised the U.S. Supreme Court's same-sex marriage ruling, defended his record on financial crime and spoke of an "emotional attachment" to the white-shoe firm.
The Ninth Circuit on Monday upheld a San Francisco federal jury's finding that Bassam Yacoub Salman, through a family scheme, committed securities fraud by receiving insider tips that originated from ex-Citigroup Global Markets Inc. investment banker Maher Kara and were passed on via Kara's brother Michael.
The Financial Industry Regulatory Authority on Monday said it has ordered three large broker-dealers, including Wells Fargo Advisors LLC, to pay more than $30 million in restitution to certain charities and retirement savers that were improperly hit with sales charges on mutual fund purchases.
Bernie Madoff's personal accountant Paul Konigsberg should receive lenience at sentencing, prosecutors said Thursday, citing his help getting them information that drove a $1.7 billion settlement with JPMorgan Chase & Co. over its alleged failure to report suspicious activity.